Gujarat Mineral Development Corporation Limited — Updates, 22-10-2024: Press Release

Gujarat Mineral Development Corporation Limited reported a 71% increase in Q2 net profit to ₹129.18 crore, with net sales rising 55% to ₹593 crore, marking the highest revenue for Q2. Lignite production surged 81% to 16.59 lakh MT. For H1 FY25, operational revenue reached ₹1,411 crore, up 23%. Key strategic initiatives included a supplementary power purchase agreement and successful public hearings for new coal blocks, reinforcing GMDC’s growth trajectory.